Emerson Radio (NYSEAMERICAN:MSN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.41 and traded as high as $0.4299. Emerson Radio shares last traded at $0.4060, with a volume of 2,101 shares trading hands.

Emerson Radio Price Performance

The company has a market capitalization of $8.54 million, a price-to-earnings ratio of -1.69 and a beta of 0.41. The business’s 50 day simple moving average is $0.40 and its 200 day simple moving average is $0.41.

Emerson Radio (NYSEAMERICAN:MSN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.The firm had revenue of $3.78 million for the quarter.

Institutional Trading of Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC purchased a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned about 0.67% of Emerson Radio at the end of the most recent reporting period.

Emerson Radio Company Profile

Emerson Radio Corporation operates as a designer, marketer and importer of consumer electronics products, offering a broad range of home entertainment, digital health and accessory solutions. Through licensing agreements with well-known brands such as RCA, the company develops and distributes audio equipment, wireless speakers, digital media players, television antennas, home health monitors, and a variety of electronic accessories. Its product portfolio is tailored for mass-market and value-oriented retailers, as well as e-commerce platforms throughout North America.

Emerson Radio’s business model centers on brand licensing, private-label manufacturing and strategic partnerships with original design manufacturers.